Director Dealing

To:                   Company Announcements

Date:               16 November 2016

Company:       Standard Life Investments Property Income Trust Limited

Subject:           Director Dealing



In accordance with Article 19(1) of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse (The Market Abuse Regulation), Standard Life Investments Property Income Trust Limited announces that the following beneficial holdings of ordinary shares were acquired by Mr Michael Balfour, a Director of the Company on 16 November 2016.

Mr Balfour purchased 24,000 ordinary shares at 86.5p representing 0.0063% of the Company’s issued share capital.

Mr Balfour is currently the beneficial holder of a total of 24,000 ordinary shares representing 0.0063% of the Company’s issued share capital.



All Enquiries:

The Company Secretary
Northern Trust International Fund Administration Services (Guernsey) Limited
PO Box 255
Trafalgar Court
Les Banques
St Peter Port
Guernsey
GY1 3QL

Sharon A Williams
Tel:  [phone]
Fax: [phone]